Last post: May 29th. See chart.
Review: Price was back at the support zone following good bearish moves. We wanted price to clear support and continue weakening.
Update: Price did not break support. Instead, it bounced off support, pulled back to the resistance high, bounced off resistance and is now back at the support zone.
Conclusion: This is very much in consolidation but our bias is with a bearish breakout. Standing aside until a breakout is confirmed.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Review: Price was back at the support zone following good bearish moves. We wanted price to clear support and continue weakening.
Update: Price did not break support. Instead, it bounced off support, pulled back to the resistance high, bounced off resistance and is now back at the support zone.
Conclusion: This is very much in consolidation but our bias is with a bearish breakout. Standing aside until a breakout is confirmed.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
